ICICI Prudential Life Insurance Company has sold 2.05% stake, or over 52 lakh shares, in Tata Chemicals through open market transactions. After sale of these shares, the insurance firm’s stake in Tata Chemicals has come...
Excel Crop Care board approves merger with Sumitomo Chemicals
Agrochemicals maker Excel Crop Care Ltd has said that its board has approved a plan that will see its present owner Sumitomo Chemicals India Pvt. Ltd reverse merge with the company to become a listed entity, the company...
Israel Chemicals sells stake in desalination firm IDE for $167 million
Israel Chemicals (ICL) said on Sunday it completed a sale of its 50 percent holding in water desalination firm IDE Technologies for $167 million. The final price was below an initial agreement of $178 million, ICL said...
BASF agrees oil unit merger with Fridman’s DEA to spur expansion
Chemical giant BASF agreed to merge its oil and gas unit Wintershall with DEA, a vehicle of Russian billionaire Mikhail Fridman, to create one of the largest independent oil and gas firms in Europe, the companies said...
U.S. challenges Tronox plan to buy Cristal’s titanium dioxide business
The U.S. government has filed a complaint aimed at stopping chemical maker Tronox Ltd (TROX.N) from purchasing Cristal’s titanium dioxide business, the Federal Trade Commission said. The companies are two of the three...
Akzo Nobel seeks shareholders’ nod to sell chemical biz to group affiliate
Paints and coatings firm Akzo Nobel India has sought shareholders’ approval to sell its speciality chemical business as a ‘going concern’ to an affiliate of the Akzo Nobel Group for Rs 320 crore...
Doubts growing whether Clariant can seal Huntsman deal
Doubts are growing among Clariant investors whether the Swiss chemicals maker will be able to drive through a $20 billion merger with Huntsman Corp in the face of opposition from an activist investor. White Tale...
Genesis Energy to buy Tronox’s alkali business for $1.3 billion
Genesis Energy LP said it will buy Tronox Ltd’s alkali business, the world’s largest producer of natural soda ash, for about $1.33 billion in cash to expand into the chemicals sector. Genesis said it would...
Bayer offers concessions to EU Commission for Monsanto deal
The European Commission said Germany’s Bayer (BAYGn.DE) had submitted commitments aimed at easing competition concerns over its $66 billion takeover of U.S. agrochemicals group Monsanto (MON.N), suggesting the...
NCLT appoints IPR for insolvency of Nagarjuna Oil Corporation
The National Company Law Tribunal’s (NCLT) Chennai bench has appointed an Insolvency Resolution Professional (IRP) for Nagarjuna Oil Corporation (NOCL) based on an application filed by one of its creditors, the...
Linde, Praxair reach agreement on details of merger
German industrial gases group Linde and US peer Praxair have reached a deal in principle on details of their proposed $70 billion merger, Linde said on Wednesday. The all-share merger of equals, intended to create a...
As Syngenta deal closes, ChemChina and Sinochem press $120 billion deal: sources
Chinese state-owned Sinochem and ChemChina are in merger talks to create the world’s biggest industrial chemicals firm, to be headed by Sinochem chief Ning Gaoning, four people with knowledge of the negotiations...
